BRUKER CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Page | ||
|---|---|---|
| Part I | ||
| Item 1 | Business | 3 |
| Item 1A | Risk Factors | 21 |
| Item 1B | Unresolved Staff Comments | 38 |
| Item 1C | Cybersecurity | 38 |
| Item 2 | Properties | 40 |
| Item 3 | Legal Proceedings | 40 |
| Item 4 | Mine Safety Disclosures | 40 |
| Part II | ||
| Item 5 | Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities | 41 |
| Item 6 | Reserved | 42 |
| Item 7 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 42 |
| Item 7A | Quantitative and Qualitative Disclosures About Market Risk | 55 |
| Item 8 | Financial Statements and Supplementary Data | 58 |
| Item 9 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 126 |
| Item 9A | Controls and Procedures | 126 |
| Item 9B | Other Information | 126 |
| Item 9C | Disclosure Regarding Foreign Jurisdictions That Prevent Inspections | 126 |
| Part III | ||
| Item 10 | Directors, Executive Officers and Corporate Governance | 127 |
| Item 11 | Executive Compensation | 127 |
| Item 12 | Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters | 127 |
| Item 13 | Certain Relationships and Related Transactions, and Director Independence | 127 |
| Item 14 | Principal Accountant Fees and Services | 127 |
| Part IV | ||
| Item 15 | Exhibits, Financial Statements and Schedules | 128 |
| Signatures | 132 | |
Any statements contained in this Annual Report on Form 10-K that are not statements of historical fact may be deemed to be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “may,” “will,” “intend,” “estimate,” “should,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding:
the impact of supply chain challenges on our business and operations, including inventory supply problems, global supply chain challenges, changes to trade policies, financial market volatility and disruption, and other macroeconomic issues, including uncertain economic conditions in the United States and abroad;
expectations regarding the global economy, inflation, the potential for recession and geopolitical tensions and any resulting sanctions, or wars;
our intentions regarding our intellectual property;
the impact of government contracts and government regulation;
the uncertainties with respect to tariffs that have been imposed and the related impact;
the impact of government funding decisions;
our cost savings initiatives;
our working capital requirements and sufficiency of cash to fund our operations and investment activities;
our competition;
the seasonality of our business;
the sufficiency of our facilities;
our employee relations and ability to attract, hire, and retain qualified employees;
the impact of legal or intellectual property proceedings;
the impact of changes to tax and accounting rules and changes in law, including the One Big Beautiful Bill Act (the “OBBBA”);
our anticipated effective income tax rate;
our expectations regarding cash dividends, share repurchases, interest expense, cross currency swap agreements, expenses, and capital expenditures;
the impact of foreign currency exchange rates and changes in commodity prices;
the impact of our restructuring initiatives;
our ability to successfully complete significant acquisitions on a timely basis, including the receipt of required regulatory approvals and the satisfaction of required conditions to the completion of prospective acquisitions;
the level and impact of our M&A activity and our ability to integrate acquired companies;
our expectations regarding backlog and revenue; and
any other statements that address events or developments that the Company intends or believes will or may occur in the future.
Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties, and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, continued volatility in the capital markets, the impact of increased interest rates, our ability to raise capital to support our operations on favorable terms, product development and market acceptance of our products, competition, rapidly changing technologies and product obsolescence, the effects of climate change, including natural disasters, catastrophic events and other events beyond our control, and those discussed in Part I, Item 1A of this Annual Report on Form 10-K under the heading “Risk Factors.” While we may elect to update forward-looking statements in the future, we specifically disclaim any obligation to do so, even if our estimates change, and readers should not rely on those forward-looking statements as representing our views as of any date subsequent to the date of the filing of this report. References to “we,” “us,” “our,” “management” or the “Company” refer to Bruker Corporation and, in some cases, its subsidiaries, as well as all predecessor entities.
Our principal executive offices are located at 40 Manning Road, Billerica, MA 01821, and our telephone number is (978) 663-3660. Information about Bruker Corporation is available atwww.bruker.com. The information on our website is not incorporated by reference into and does not form a part of this report. All trademarks, trade names or copyrights referred to in this report are the property of their respective owners.
PART I
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.